Template:Nutshell GMSLA 4.2

4.2 Requirements to effect Delivery
The Parties do whatever is needed to ensure that all interests in:

(a) any Securities borrowed under paragraph 3;

(b) any Equivalent Securities delivered under paragraph 8;

(c) any Collateral delivered under paragraph 5;

(d) any Equivalent Collateral delivered under paragraphs 5 or 8;

passes as required by this Agreement with full title guarantee, free from all encumbrances. For dematerialised Securities, Collateral delivery and transfer of title will take place under the prevailing rules of the relevant settlement system. The Party acquiring such interests does not have to return the actual assets it recceives but must, subject to the terms of this Agreement, to deliver Equivalent assets as appropriate.